Cowen analyst Jason Seidl raised the firm’s price target on Old Dominion to $332 from $267 and keeps a Market Perform rating on the shares. The analyst said 4Q beat our forecast and street expectations as strong pricing and cost discipline offset weak tonnage. January trends suggest continued robust pricing off weak but improving volumes and 2Q shaping up for volume growth as inventory restocking regains footing.
Published first on TheFly
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